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9 December 2014

Forget the three laws of robotics, this AI predicts laws

The sovereign wealth fund of Singapore invests in US-based FiscalNote, a company predicting the outcome of legal and regulatory decisions using artificial intelligence.

Author: Mark Chatterley, reporter

FiscalNote, a US-based legislative and regulatory analytics company, has raised $7m in its series A round from a consortium including Visionnaire Ventures, a joint fund between Taizo Son, billionaire founder of GungHo Online Entertainment and youngest brother of SoftBank magnate Masayoshi Son, and Singapore’s sovereign wealth fund Temasek.

Other investors in the round include US-based venture capital companies AME Cloud Ventures, New Enterprise Associates, 645 Ventures and Middleland Capital, US-based investor Green Visor Capital, US-based angel group Winklevoss Capital and Singapore-based venture capital company Enspire Capital.  

FiscalNote, which uses artificial intelligence to predict the outcome of legislative and regulatory decisions, also raised $1.2m in its seed round in September 2013 from New Enterprise Associates, AME Cloud Ventures and US-based venture capital company First Round. 

In July 2013 it was given a $6,500 grant from the University of Maryland while in June 2013 it gained $25,000 as a convertible note from US-based technology investment firm Plug & Play Ventures and a private investor.

Keith Nilsson, co-founder and managing partner at Visionnaire Ventures, said: “Led by a group of forward-looking innovators, FiscalNote has quickly become the leading provider of intuitive, cutting-edge tools for legislative and regulatory analysis.”


This article first appeared on our sister site Global Government Venturing.

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